Ryder warns that prospects for jobs recovery are receding

ILO Director-General Guy Ryder has warned that current policies to address the global crisis are failing to stop rising unemployment in advanced economies and stalling growth in emerging and developing countries. “Current policies are not stemming the rise of unemployment in advanced countries and are holding back the rapid growth emerging and developing countries need to keep pace with their growing young labour force,” he said in a statement delivered to the International Monetary and Financial Committee and Development Committee of the International Monetary Fund.

Ryder said that the employment outlook in Europe the US and Japan was grim, and that youth unemployment rates in southern Europe and North Africa were tragically high. He noted that real wages were practically stagnant, except for China, and that income inequalities had widened in most countries.

The ILO estimates that there are over 200 million people unemployed world-wide, 74 million of whom are youth. Some 470 million new jobs will be needed between 2015 and 2030 just to keep up with the growth of the world’s working age population. In addition, some 870 million women and men world-wide are not earning enough to lift themselves above the $2 a day poverty line.

#Action2015 #ForPeople

For Inclusion. For Equality. For People.

Quote of the Week

“Information technology can allow people to help set priorities...Information technology can drive progress – but only when there is an open and free environment that encourages civic engagement and constructive criticism.” UN Secretary-General Ban Ki-moon remarks at the opening of the Government Summit, Dubai, 9 February 2015. Read more..